Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Trading Down 0.1% – Should You Sell?

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL)’s stock price dropped 0.1% during trading on Wednesday . The stock traded as low as $22.16 and last traded at $22.22. Approximately 40,044 shares were traded during trading, a decline of 48% from the average daily volume of 77,602 shares. The stock had previously closed at $22.24.

Strategy Shares Nasdaq 7HANDL Index ETF Price Performance

The company has a market cap of $641.05 million, a price-to-earnings ratio of 24.18 and a beta of 0.73. The business’s fifty day moving average price is $22.14 and its 200 day moving average price is $22.09.

Strategy Shares Nasdaq 7HANDL Index ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, January 14th were given a dividend of $0.1299 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. This is a positive change from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.13. The ex-dividend date was Wednesday, January 14th.

Institutional Investors Weigh In On Strategy Shares Nasdaq 7HANDL Index ETF

Several large investors have recently modified their holdings of HNDL. IMG Wealth Management Inc. boosted its holdings in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 11.2% in the 2nd quarter. IMG Wealth Management Inc. now owns 6,704 shares of the company’s stock worth $145,000 after buying an additional 677 shares during the last quarter. Newbridge Financial Services Group Inc. grew its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 0.8% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 98,884 shares of the company’s stock valued at $2,203,000 after acquiring an additional 775 shares during the period. OxenFree Capital LLC raised its holdings in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 1.8% in the 4th quarter. OxenFree Capital LLC now owns 43,989 shares of the company’s stock worth $969,000 after purchasing an additional 783 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 1,200.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,300 shares of the company’s stock worth $28,000 after purchasing an additional 1,200 shares during the period. Finally, Realta Investment Advisors lifted its stake in Strategy Shares Nasdaq 7HANDL Index ETF by 14.1% in the fourth quarter. Realta Investment Advisors now owns 11,827 shares of the company’s stock valued at $260,000 after purchasing an additional 1,465 shares during the last quarter.

About Strategy Shares Nasdaq 7HANDL Index ETF

The Strategy Shares Nasdaq 7 Handl Index ETF (HNDL) is an exchange-traded fund that is based on the NASDAQ 7 HANDL index. The fund is a fund of funds that targets a high distribution rate. The funds index reflects a balanced portfolio of US equities, fixed income, and alternative investments HNDL was launched on Jan 17, 2018 and is managed by Strategy Shares.